... but mega-me merger mistakes ain't! At least not for Sacramento!
A commenter on yesterday's post [link] correctly noted the SAFE Board did give "an update" at the SAFE Annual meeting in April!
✅ Here's what was promised by the SAFE Board in that informative merger "update" [link to full text]:
"SAFE shared with its members at its annual meeting on April 21, 2026, two meaningful commitments that will benefit Sacramento-area members and the community immediately upon completion of the combination."
"For members: $500,000 dedicated to First-Time Homebuyer Grants. This grant program provides eligible members up to $8,000 to put towards
a down payment or closing cost assistance for first home purchases." [at $8k a pop that would potentially help 62.5 of SAFE's 245,000 members ... immediately upon completion of the combination."]
"For the community: An additional $1 million investment added to the $500,000 SAFE traditionally gives annually toward philanthropic initiatives that reflect what matters most to SAFE members and the Sacramento community." [The rest of the $400+ million in SAFE member equity will go to Tukwila and Boeing Employees' "... immediately upon completion of the combination."]
✔ Why doesn't the SAFE Board give the $1.5 million back to Sacramento folks now? Why wait until "... immediately upon completion of the combination?"
😎 If you will give me $400+ million bucks, I will give you back $1.5 million "immediately upon ... "! H-m-m, what's the return on investment (ROI) for that "mega- duh" deal? How would you calculate it?
